Vous êtes sur la page 1sur 17

INTEGRATEDLEGALHOLDINGSLIMITED

ACN120394194

ASXAppendix4E
RESULTSFORANNOUNCEMENTTOTHEMARKET

Currentreportingperiod:
Previouscorrespondingperiod:

EARNINGS

Yearended30June2010
Yearended30June2009

Percentagechange
UP(+)/DOWN()

Amount
$A

Revenuefromordinaryactivities

41%

23,874,988

Profitfromordinaryactivitiesaftertaxattributableto
members

44%

853,494

44%

853,494

Netprofitfortheperiodattributabletomembers

NETTANGIBLEASSETBACKING

Nettangibleassetbackingpersecurity

EARNINGSPERSHARE

Basicearningspershare
Dilutedearningspershare

DIVIDENDS

Percentagechange
UP(+)/DOWN()

30Jun2010

30Jun2009

34%

6.54

4.89

Percentagechange
UP(+)/DOWN()

30Jun2010

30Jun2009

33%
33%

1.18
1.18

0.89
0.89

Amount
pershare

Franked
amountper
shareat30%
Australian
taxrate

Finaldividend(fullyentitledshares)
0.5cents
0.5cents
Previouscorrespondingperiod

Recorddatefordeterminingentitlementstothe2010finaldividend
15October2010
Paymentdatefor2010finaldividend
5November2010

Followingisabriefexplanationofdirectionalandpercentagechangestorevenueandprofit:

Consolidatedoperatingrevenuesof$23,874,988were41%higherthanthepreviousyearwhich
reported $16,946,221 operating revenues. Revenue from ordinary activities increased due to a
combinationoforganicgrowthandthefullyeareffectofnewmemberfirmacquisitions.

For the year ended 30 June 2010, the consolidated entity generated a net profit after tax of
$853,494comparedtotheyearended30June2009of$593,875,anincreaseof44%.

Earningspersharefortheyearwere1.18centspershare,comparedto0.89centspersharefor
theyearended30June2009,anincreaseof33%.

INTEGRATEDLEGALHOLDINGSLIMITED
ACN120394194

ASXAppendix4E
RESULTSFORANNOUNCEMENTTOTHEMARKET

The Directors advise that they are pleased with the full year results and with the continued
strategic and operational progress that has been made during the period towards developing a
robustbusinessmodelandinpositioningtheGroupforfuturegrowth.Further,theresultswere
an improved position on the year ended 30 June 2009, the Company having commenced its
recoveryfromtheeffectsoftheGlobalFinancialCrisis(GFC).

FullYearResultsSummary

FullYear
FullYear

%
2009/10
2008/09

Growth
$m
$m
OperatingRevenue
23.87
16.95
41%
NetProfitafterTax
0.85
0.59
44%
EarningsperShare
1.18cents
0.89cents
33%
Final0.50cents
Interim0.25cents
Nil
Large
DividendperShare
FullYear0.75
cents
OperatingCashInflows/(Outflows)
1.45
(1.65)
Large
NetTangibleAssetBackingper
6.54cents
4.89cents
34%
Share
Gearing(netbankdebt/equity)
6%
12%
50%
Significantstrategicandoperationalprogress

Theperiodwashighlightedbyoperationalconsolidationfollowingaperiodofverystrongorganic
andacquisitiongrowthexperiencedbytheCompany.TheCompanysacquisitionsin2009were
verylargerelativetotheexistingbusiness.TheDirectorscanadvisethattheseacquisitionsare
performingwell.

AccountingError31December2009HalfYearFinancialReport

Earlierthisweek,theBoardofIntegratedLegalHoldingswasadvisedbytheCompanysauditors
Ernst&Young,aspartoftheprocessofpreparingtheCompanysfullyearfinancialstatements,
thatanaccountingerrorhadbeenmadeinthepreparationoftheCompanysfinancialreportfor
thehalfyearended31December2009.Thehalfyearfinancialreportwasreviewedandsigned
offbyErnst&Youngon25February2010.

The accounting error involves the treatment of an Australian Taxation Office tax refund of
$325,306 received by the Company in December 2009, relating to the tax treatment of work in
progress.ThisitemwashighlightedintheASXAppendix4DlodgedbytheCompanyinFebruary
2010.

INTEGRATEDLEGALHOLDINGSLIMITED
ACN120394194

ASXAppendix4E
RESULTSFORANNOUNCEMENTTOTHEMARKET

At30June2010,Ernst&Youngareoftheviewthatinrelationtothetaxtreatmentofworkin
progress, this tax refund should be treated as an increase to deferred tax liability, and not
recognisedasacredittoincometaxexpense.

Theerrorrelatestothetreatmentofatransactionthatisoneoffinnatureanddoesnotaffect
theunderlyingoperationalperformanceoftheCompany.

TheeffectofthischangeistodecreasefirsthalfNetProfitafterTaxandEarningsperShareofthe
Companyasfollows.

NetProfitafterTax
EarningsperShare

PreviouslyReported
FirstHalf
2009/10
$m
0.71
1.03cents

Corrected
FirstHalf
2009/10
$m
0.39
0.56cents

HalfYearResultsAnalysis

TheCompanyachievedanetprofitaftertaxforthe2ndhalfof2010of$0.47m,comparedwitha
1sthalf2010profitof$0.38m(corrected),anincreaseof21%.

(Corrected)
2ndHalf
FullYear
FullYear

1stHalf
2009/10
2009/10
2008/09

2009/10
$m
$m
$m
$m
OperatingRevenue
12.28
11.59
23.87
16.95
Growth
6%

41%

NetProfitafterTax
0.47
0.38
0.85
0.59
Growth
21%

44%

EarningsperShare
0.62cents
0.56cents
1.18cents
0.89cents
Growth
11%

33%

DividendperShare
0.50cents
0.25cents
0.75cents
Nil

BalanceSheet

TheCompanyhasmaintainedastrongbalancesheetandiswellplacedtocontinueorganicand
acquisitiongrowth.Thefollowingpointsarehighlighted:

Cashposition(includingoverdrafts)at30June2010of$1.95m.
Bank loans of $0.95m at 30 June 2010 compared with $1.85m at 31 December 2009 (bank
debtgearinglevel6%).
TheCompanysexistingbankfacilityhasalimitofupto$3.25m(drawndownto$0.95mat30
June2010).
3

INTEGRATEDLEGALHOLDINGSLIMITED
ACN120394194

ASXAppendix4E
RESULTSFORANNOUNCEMENTTOTHEMARKET

TheCompanyachievedrobustoperatingcashinflowsfortheyearof$1.45m.
TheCompanyraised$1.67minadditionalcapitalinApril/May2010throughawellsupported
privateplacementandsharepurchaseplan.

DividendAnnouncement

TheDirectorshavedeclaredafullyfrankedfinaldividendof0.50cents.

The dividend will have a record date of 15 October 2010 and a payment date of 5 November
2010.Therewillnotbeadividendreinvestmentplanavailable.

Intotal,theCompanyhasdeclaredfullyfrankeddividendsof0.75centspershareforthe2009/10
financialyear,havingpaidaninterimdividendof0.25centsfullyfrankedinApril2010.

TheDirectorsconsiderthatthedividendannouncementsof2010haveestablishedapatternfor
dividendsfortheCompanygoingforward,subjecttothepreviouslystateddividendpolicyofthe
Companythatdividendswillbedeclaredafterconsiderationoftheperformanceofthecompany
andfutureinvestmentopportunities.

Outlook

Overall, the Directors remain confident in the outlook for the Company given the strength and
underlying quality of its member firms, the significant opportunity for organic growth and
improved performance in these firms, and the significant potential to grow by selective
acquisitionaspartofthestrategyofdevelopinganationalnetworkoflegalservicesbusinesses.

TheDirectorsareoftheviewthattheCompanyiswellplacedtocontinuegrowthbycapitalising
on the significant opportunity afforded by prevailing industry issues. Longterm competitive
advantage can be achieved by the Company in supporting member firms in developing scale to
underpinfuturegrowthandprofitability.

Consistentwiththisposition,theoutlookfortheGroupispositiveandtheDirectorsexpectthe
Company to achieve earnings per share growth for 2010/11, providing reasonable business
conditionscontinuefortheyear.

AfullercommentaryontheresultsforthereportingperiodiscontainedintheASXreleasedated
12August2010.

AUDITREPORT

Thepreliminaryfinalreportisbasedonaccountswhichareintheprocessofbeingaudited.

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2010
ACN120394194

StatementofFinancialPosition

Note

ASSETS
CurrentAssets
Cashandcashequivalents
Tradeandotherreceivables
Workinprogress
TotalCurrentAssets

NonCurrentAssets
Plantandequipment
Goodwill
Intangibleassets
Deferredtaxassets
Prepayments
Otherassets
TotalNonCurrentAssets
TOTALASSETS

LIABILITIES
CurrentLiabilities
Tradeandotherpayables
Interestbearingloansandborrowings
Incometaxpayable
Provisions
Otherliabilities
TotalCurrentLiabilities

NonCurrentLiabilities
Tradeandotherpayables
Interestbearingloansandborrowings
Provisions
Otherliabilities
TotalNonCurrentLiabilities
TOTALLIABILITIES
NETASSETS

EQUITY
IssuedCapital
AccumulatedLosses
Reserves
TOTALEQUITY

5
6
7

CONSOLIDATED
30June
30June
2010
2009
$
$

2,151,449
600,694
7,538,870
5,616,233
1,353,354
1,370,212
11,043,673
7,587,139

1,181,314
691,360
10,470,600
10,372,263
65,340
100,980
101,089
464,147
29,230
63,016
2,642
2,677
11,850,215
11,694,443
22,893,888
19,281,582

3,317,157
1,738,222
1,573,325
1,244,330
177,524
157,011
687,057
459,466
279,933
200,000
6,034,996
3,799,029

75,107
260,913
197,350
127,608
660,978
6,695,974
16,197,914

32,160,426
(16,688,184)
725,672
16,197,914

1,064,105
177,620
378,422
1,620,147
5,419,176
13,862,406

30,504,813
(16,641,034)
(1,373)
13,862,406

TheaboveStatementofFinancialPositionshouldbereadinconjunctionwiththeaccompanyingnotes

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2010
ACN120394194

StatementofComprehensiveIncome

Professionalfees
Interestrevenue
Otherrevenue
Totalrevenue

Occupancyexpenses
Salariesandemployeebenefitsexpenses
Depreciationandamortisationexpenses
Advertisingandmarketingexpenses
Administrativeexpenses
Otherexpenses
Financecosts
Impairmentloss
Sharebasedpaymentsexpense
Totalexpenses
Profitbeforeincometax
Incometaxexpense
Profitafterincometax
Netprofitfortheyear

Othercomprehensiveincome
Netgains/(losses)onavailableforsalefinancialassets
Othercomprehensiveincome/(losses)fortheyear,
netoftax
Totalcomprehensiveincomefortheyear

Basicearningspershare(cents)
Dilutedearningspershare(cents)

Note

3(a)

3(b)

3(c)
3(d)
3(e)

CONSOLIDATED
2010
2009
$
$
23,822,676
16,388,522
39,175
158,585
13,137
399,114
23,874,988
16,946,221

(2,114,280)
(1,619,855)
(16,149,830)
(10,167,466)
(343,759)
(189,496)
(222,928)
(209,481)
(2,889,908)
(2,602,316)
(742,175)
(534,936)
(160,597)
(57,148)

(450,000)
(19,243)
(14,838)
(22,642,720)
(15,845,536)
1,232,268
1,100,685
(378,774)
(506,810)
853,494
593,875
853,494
593,875

(68)
112
(68)
853,426

1.18
1.18

112
593,987

0.89
0.89

TheaboveStatementofComprehensiveIncomeshouldbereadinconjunctionwiththeaccompanyingnotes

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2010
ACN120394194

StatementofCashFlows

Cashflowsfromoperatingactivities
Receiptsfromcustomers
Interestreceived
Otherrevenue
Paymentstosuppliersandemployees
Interestandothercostsoffinancepaid
Incometaxreceived/(paid)
Netcashflowsfrom/(usedin)operatingactivities

Cashflowsfrominvestingactivities
Purchaseofplantandequipment
Proceedsfromthedisposalofplantandequipment
Paymentforavailableforsaleinvestments
Paymentfortheacquisitionofbusinessesnetof
cashacquired
Netcashflowsusedininvestingactivities

Cashflowsfromfinancingactivities
Proceedsfromloansreceived
Repaymentofborrowings
Dividendspaid
Proceedsfromissueofshares
Paymentsforshareissueexpenses
Netcashflowsfromfinancingactivities

Netincrease/(decrease)incashheld
Cashandcashequivalentsatthebeginningofthe
financialyear
Cashandcashequivalentsattheendofthefinancial
year

Note

CONSOLIDATED
2010
2009
$
$

24,249,661
14,744,556
39,175
159,533
13,103
399,073
(22,800,109)
(15,623,518)
(92,984)
(23,832)
39,315
(1,308,557)
1,448,161
(1,652,745)

(807,264)
(180,612)
5,135
2,326


(802,129)

993,027
(1,584,315)
(131,122)
1,674,510
(115,058)
837,042

1,483,074

(3,731,403)
(3,909,689)

465,875

5,626,766

1,948,949

465,875

2,199,372
(386,764)
(1,411,065)

401,543
(5,160,891)

TheaboveStatementofCashFlowsshouldbereadinconjunctionwiththeaccompanyingnotes

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2010
ACN120394194

StatementofChangesinEquity

CONSOLIDATED
Balanceasat1July2008

Issued
Capital
$

Accumulated
Losses
$

29,729,975

Profitfortheyear

Othercomprehensiveincome

Totalcomprehensiveincomefortheyear

Transactionswithownersintheir
capacityasowners
Dividendspaid
Issueofshares
Balanceasat30June2009

Net
Unrealised
Gains/(Losses)
Reserve
$

(15,823,844)

(1,485)

13,904,646

593,875

112

112

593,875

112

593,987

(1,411,065)

30,504,813

Total
Equity
$

593,875

774,838

General
Reserve
$

(16,641,034)

(1,411,065)

774,838

(1,373)

13,862,406

CONSOLIDATED
Balanceasat1July2009

Issued
Capital
$
30,504,813

Profitfortheyear

Othercomprehensiveincome

Totalcomprehensiveincomefortheyear

Transactionswithownersintheir
capacityasowners

Accumulated
Losses
$

Net
Unrealised
Gains/(Losses)
Reserve
$

(16,641,034)

(1,373)

853,494

Total
Equity
$

13,862,406

853,494

(68)

(68)

853,494

(68)

853,426

727,113

General
Reserve
$

Transfertogeneralreserve

(727,113)

Dividendspaid

(173,531)

(173,531)

19,243

19,243

Issueofshares

1,716,910

1,716,910

Transactioncostsonissueofshares
Incometaxonitemstakendirectlytoor
transferredfromequity

(115,058)

(115,058)

34,518

34,518

727,113

16,197,914

Sharebasedpayments

Balanceasat30June2010

32,160,426

(16,688,184)

(1,441)

TheaboveStatementofChangesinEquityshouldbereadinconjunctionwiththeaccompanyingnotes

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2010
ACN120394194

NotestotheFinancialStatements

1) SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIES
ThesepreliminaryconsolidatedfinancialstatementsrelatetoIntegratedLegalHoldingsLimitedand
theentitiesitcontrolledduringtheyearended30June2010.Theaccountingpoliciesadoptedare
consistentwiththosedisclosedinitsmostcurrentfinancialstatements.

2) SEGMENTINFORMATION
TheGrouphasidentifieditsoperatingsegmentsbasedontheinternalmanagementreportingthatis
used by the executive management team (the chief operating decision maker) in assessing
performanceandallocatingresources.IntegratedLegalHoldingsLimitedsoperatingsegmentshave
been identified based on how the financial and operating results of the Group are monitored and
presentedinternallytotheexecutivemanagementteam.

TheGroupsreportablesegmentsareidentifiedbymanagementbasedonthenatureofthebusiness
andthesimilaritiesofservicesprovided,methodofdeliveryandtypeofclientsastheGroupsrisks
andreturnsareaffectedpredominantlybydifferencesinlegalproductsandservicesperformed.

Theoperatingbusinessesareorganisedandmanagedseparatelyaccordingtothenatureofthelegal
productsandservicesprovided,witheachsegmentrepresentingastrategicbusinessunitthatoffers
differentlegalproductsandservesdifferentmarkets.

Thefollowingreportablesegmentshavebeenidentifiedbymanagement:

LegalServicesDivision
OperatoroflegalpracticesthroughoutAustralia

InformationTechnologyDivision
Provides an internet portal designed to provide easy access to a range of legal and other
documents tothelegalprofessionandpublicalikeandinformationaboutvariousareasof
law.

Theaccountingpoliciesusedbythe Groupinreportingsegmentsinternallyarethesame asthose


containedinthefinancialreportforthehalfyearended31December2009.

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2010
ACN120394194

NotestotheFinancialStatements

Businesssegments

The following tables present revenue and profit information for business segments for the years
ended30June2010and30June2009.

Information
Legal
Technology
Total
Services
$
$
$
Yearended30June2010
Revenue

Professionalfees
22,980,838
841,838
23,822,676
Interestrevenue
11,890

11,890
Otherrevenue:

Advertisingrevenue

7,372
7,372
Sundryrevenue
3,699
1,975
5,674
Totalsegmentrevenue
22,996,427
851,185
23,847,612
Unallocatedrevenue:

Interestreceived

27,285
Dividendsreceived

91
Totalunallocatedrevenue

27,376
Intersegmentelimination

Totalrevenueperstatementof

comprehensiveincome
23,874,988

Result

Segmentresult
2,427,771
290,200
2,717,971
Unallocateditems:

Interestrevenue

27,285
Salariesandemployeebenefits

expenses
(860,664)
Administrativeexpenses

(407,209)
Otherunallocateditems

(84,518)
Totalunallocateditems

(1,325,106)
Profitbeforetaxandfinancecosts

1,392,865
Financecosts

(160,597)
Profitbeforeincometax

1,232,268
Incometaxexpense

(378,774)
Netprofitafterincometax

853,494

10

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2010
ACN120394194

NotestotheFinancialStatements

Yearended30June2009
Revenue
Professionalfees
Interestrevenue
Otherrevenue:
Rentalrevenue
Compensationreceivable
Advertisingrevenue
Sundryrevenue
Intersegmentrevenue
Totalsegmentrevenue
Unallocatedrevenue:
Interestreceived
Dividendsreceived
Totalunallocatedrevenue
Intersegmentelimination
Totalrevenueperstatementof
comprehensiveincome

Result
Segmentresult
Unallocateditems:
Interestrevenue
Salariesandemployeebenefits
expenses
Administrativeexpenses
Impairmentloss
Otherunallocateditems
Totalunallocateditems
Profitbeforetaxandfinancecosts
Financecosts
Profitbeforeincometax
Incometaxexpense
Netprofitafterincometax

Legal
Services
$
15,604,767
3,801
251,931
139,000

1,497
14,110
16,015,106

Information
Technology
$

Total
$

783,755
3,182



5,342
1,259

793,538

16,388,522
6,983
251,931
139,000
5,342
2,756
14,110
16,808,644
151,602
85
151,687
(14,110)
16,946,221

2,533,798

223,979

2,757,777
151,602
(663,216)
(379,498)
(450,000)
(258,832)
(1,599,944)
1,157,833
(57,148)
1,100,685
(506,810)
593,875

11

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2010
ACN120394194

NotestotheFinancialStatements

Totalassetshaveincreasedby19%sincethelastannualreport.Segmentassetsfortheyearsended
30June2010and30June2009areasfollows:

Legal
Information
Total
Services
Technology
Asat30June2010
$
$
$
Segmentassets

Segmentoperatingassets
18,476,679
2,157,378
20,634,057
Unallocatedassets:

Cashandcashequivalents

2,134,217
Deferredtaxassets

214,582
Prepayments

42,523
Investmentinassociates

712,888
Availableforsalefinancialassets

2,642
Plantandequipment

3,735
Totalunallocatedassets

3,110,587
Intersegmenteliminations

(850,756)
Totalassetsfromcontinuingoperations
perstatementoffinancialposition

22,893,888

Information
Legal
Technology
Total
Services
$
$
$
Asat30June2009
Segmentassets

Segmentoperatingassets
16,108,199
2,166,143
18,274,342
Unallocatedassets:

Cashandcashequivalents

547,437
Deferredtaxassets

297,357
Prepayments

170,386
Investmentinassociates

712,888
Availableforsalefinancialassets

2,677
Plantandequipment

5,023
Totalunallocatedassets

1,735,768
Intersegmenteliminations

(728,528)
Totalassetsfromcontinuingoperations
perstatementoffinancialposition

19,281,582

12

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2010
ACN120394194

NotestotheFinancialStatements

3) REVENUEANDEXPENSES

Revenueandexpensesfromcontinuingoperations
a) Otherrevenue
Rentreceived
Compensationreceived
Dividendsreceived
Sundryincome

b) Depreciationandamortisationexpenses
Depreciationofplantandequipment
Amortisationof:
o Equipmentunderfinancelease
o Identifiedintangibleassets

c) Otherexpenses
Authorroyaltyfees
Donations
Consultingfees
Badanddoubtfuldebts
Bankfees
Otherexpenses

d) Financecosts
Interestotherentities
Interestaccretion

e) Impairmentloss
LawCentral

Consolidated
2010
2009
$
$


251,931

139,000
91
85
13,046
8,098
13,137
399,114

305,209

151,427

2,910
35,640
343,759

2,429
35,640
189,496

81,773

242,591
274,365
137,687
5,759
742,175

76,816
9,220
2,139
359,678
65,225
21,858
534,936

146,458
14,139
160,597

48,839
8,309
57,148

450,000
450,000

13

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2010
ACN120394194

NotestotheFinancialStatements

4) DIVIDENDSDECLARED

2010
Cents
pershare

0.25

0.50

Total
$

173,531

432,423

2009
Cents
pershare

Total
$

a) Dividendsdeclared,recognisedandpaid
Interimdividend(fullyfranked)

b) Dividendsdeclaredandnotrecognised
Finaldividend(fullyfranked)(c)

c) FinalDividendDetails
Amountpershare
0.5cents
Amountfranked
Fullyfrankedata30%taxrate
Recorddatetodetermineentitlementstothedividend
15October2010
Datethefinaldividendispayable
5November2010

d) Recogniseddividends
The2010interimdividendof$173,531waspaidon9April2010andwassatisfiedbyacashpayment
of$131,122andanissueofsharesundertheGroupsdividendreinvestmentplan(DRP)withavalue
of$42,410.

UndertheGroupsDRPeligibleshareholderswereofferedtheopportunitytoreinvestallorpartof
the interim dividend in additional shares in the Group. The Shares were issued at 12.5 cents per
share,beinga5%discounttotheweightedaveragemarketpriceofsharessoldontheASXduringa
period of 10 trading days (rounded to the nearest half cent), with the period commencing on the
secondtradingdayafterthedividendrecorddate,10March2010.

e) Unrecogniseddividends
A2010finaldividendof0.5centsperordinaryfullypaidshare,fullyfrankedat30%wasannounced
on 12 August 2010 and ispayable on 5 November 2010 to shareholders registered on 15 October
2010. The 2010 final dividend has not been recognised in the financial report because it was
determined,declaredandpubliclyannouncedsubsequenttoyearend.

The final dividend amount of $432,423 has been determined based on the number of eligible
ordinarysharesonissueatthedateofthisfinancialreport.Nofurthersharesareexpectedtobe
issuedwhichwillbeentitledtoparticipateinthedividend.

TheGroupsDRPwillnotapplytothe2010finaldividend.

14

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2010
ACN120394194

NotestotheFinancialStatements

5) ISSUEDCAPITAL

a) Ordinaryshares

Fullypaidshares
Partlypaidshares(1)
Forfeitedsharesheldintrust(1)

Consolidated
2010
Shares

Consolidated
2009
Shares

86,112,999
371,667
26,667
86,511,333

69,014,511
331,667

69,346,178

Consolidated
2010
$

Consolidated
2009
$

32,126,345
34,081

32,160,426

30,489,975
14,838

30,504,813

Shares
63,538,320

$
29,729,975

4,142,857

580,000

331,667

14,838

1,333,334

180,000

69,346,178

30,504,813

Shares
69,346,178

$
30,504,813

7,000,000

700,000

353,488

42,410

IssuesofsharesunderSharePlacement(Tranche2)on12May2010

4,100,000

410,000

IssuesofsharesunderSharePurchasePlanon26May2010

5,645,000

564,500

(1) DeferredEmployeeSharePlan

b) Movementsinordinarysharecapital

Openingbalanceasat1July2008
Issue of shares at 14 cents per share to vendors of The Argyle
PartnershipLawyerson4November2009
IssueofsharesundertheDeferredEmployeeSharePlan
Issueofsharesat13.5centspersharetovendorofmdalawyerson
13March2010
Balanceasat30June2009

Openingbalanceasat1July2009
IssueofsharesunderSharePlacement(Tranche1)on8April2010
IssuesofsharesunderDividendReinvestmentPlanon9April2010

Costsassociatedwiththecapitalraising,netoftax
IssueofsharesundertheDeferredEmployeeSharePlan
Balanceasat30June2010

(80,540)

66,667

19,243

86,511,333

32,160,426

15

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2010
ACN120394194

NotestotheFinancialStatements

6) ACCUMULATEDLOSSES

Accumulatedlosses

Balanceatbeginningofyear
Netprofitfortheyear
Dividendspaid
Transfertogeneralreserve(refernote7)
Balanceatendoftheyear

7) RESERVES

Consolidated
2010
2009
$
$
(16,688,184)

(16,641,034)
853,494
(173,531)
(727,113)
(16,688,184)

(16,641,034)

(15,823,844)
593,875
(1,411,065)

(16,641,034)

Consolidated
2010
2009
$
$
(1,441)
(1,373)
727,113

725,672
(1,373)

Netgains/(losses)onavailableforsalefinancialassets
Generalreserve(1)
Balanceatendoftheyear

(1)
Duetoaccumulatedlossesincurredpriortothelistingofthecompanyon17August2007,
theDirectorsresolvedtoisolateprofitsderivedfromtradingactivitiessincelistingthrough
theestablishmentofaGeneralReserve.

During the period, $727,113, representing trading profits to 30 June 2009 less dividends
paid,wastransferredtotheGeneralReservefromAccumulatedLosses.

AccumulatedlossesincurredpriortolistingoftheCompanyandcommencementoftrading
activitiesarosefromthefollowingtransactions:

(a) impairment losses incurred on shares issued to vendors of Talbot Olivier


Business Assets, Brett Davies Lawyers Business Assets and Law Central Co Pty
Ltdshareholderson29August2006;and

(b) Sharebasedpaymentsexpensesforsharesissuedatadeemedvalueof50cents
persharetodirectorsandsupporterson29August2006and28February2007.

16

INTEGRATEDLEGALHOLDINGSLIMITED
APPENDIX4EPRELIMINARYFINALREPORT
FORTHEYEARENDED30JUNE2010
ACN120394194

NotestotheFinancialStatements

8) BUSINESSCOMBINATIONS

AcquisitionofArgyleLawyers
On4November2008,IntegratedLegalHoldingsLimited,throughitswhollyownedsubsidiary,Argyle
LawyersPtyLtd,acquiredthelegalpracticeofTheArgylePartnership.Thetransactionwaseffective
from1November2008.

Sincetheendofthepreviousfinancialyear,thefinancialperformanceoftheacquiredbusinesshas
exceededexpectationsandtheamountpayableasdeferredconsiderationinrelationtothebusiness
combinationhasincreasedby$98,337.Thischangeinestimatehasincreasedthetotalacquisition
cost,resultinginacorrespondingincreaseingoodwill.

Forfulldetailsofthebusinesscombinationaffected,pleaserefertotheannualreportfortheyear
ended30June2009.

17